by Christopher Nye | May 6, 2021
The euro strengthened slightly against both the pound and the dollar ahead of a busy morning for European data. German factory order data was released earlier, showing that new orders jumped 3% in March, beating market expectations of 1.7%. In his speech yesterday,...
read more
by Christopher Nye | May 6, 2021
The pound trading at similar levels against the euro and dollar this morning, ahead of the Bank of England’s latest interest rate decision later. The Bank will announce whether they are leaving quantitative easing measures as they are, or whether they are boosting or...
read more
by Christopher Nye | May 6, 2021
The markets are looking to the Bank of England’s latest decision on monetary policy, which is due to be announced at midday. Whilst it is thought that interest rates will be kept the same, any changes to quantitative easing measures and economic forecasts could have...
read more
by Christopher Nye | May 5, 2021
The dollar strengthened briefly against the euro yesterday, as talk of higher U.S. interest rates and a sell-off in tech stocks benefitted the safe-haven currency. However, it’s unclear as to whether this rally will be sustained. Treasury Secretary, Janet Yellen, said...
read more
by Christopher Nye | May 5, 2021
After a strong April, the euro is slightly weaker against the pound and the dollar this morning. Services and composite PMI data was released for both the Eurozone and Germany this morning. The Eurozone figures came in better-than-expected, whilst Germany’s were...
read more
